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10/16/15 9:16 AM

#2640 RE: Jack_Bolander #2639

BPZRQ....shorting is like winning the lottery
when shorting....one does not need to cover for top dollar
let it go to zero....magement says it will
has mangement shorted BPZRQ knowing where it will land


Shorting the stock of a company that goes bankrupt is like winning the lottery. The money you receive for shorting the stock is all yours, though there might be some delay in freeing it from the broker's grip -- it holds the money as collateral until it writes off the loan. You'll owe capital gains tax on your profit unless you shorted the stock within an individual retirement account.






cc